Hello Friends,
Human Resource can be defined as the effective management of people & their skills in an organization. Human Resource help bridge the gap between employees performance and the organization’s aims & goals. Moreover, an efficient HR team can standout their firm in modern world with right departmental access..
Human resource management (HRM) is important in modern organizations because it helps to:
-
Create a positive work environmentHR primary functions like training, development, and work-life balance can help employees feel engaged, retained, and perform as required by company business.Ensure complianceHR team aids organizations comply with employment laws and maintain records diligently.. It helps in long term assessment of company growth.Keep employees safe and healthyHR team create workplace safety policies, ensure the organization follow state laws, and prevent harassment and discrimination..Manage cost efficiencyHR team helps organizations manage labor costs, which can be up to 60% of a company’s total expenditure.Recruit and select the right talent & acumenHR team ensures the recruitment process is goal directional, and that new employees fit the job and firm culture.Train and develop employee talentHR team help employees develop the skills they need to meet the organization’s objectives & goalsMonitor the job marketHR team assess the job market to help the organization stay ahead in competition.Conflict ManagementHR team help resolve conflicts between employees, organization and encourage effective communication for achieving goals smoothly.Build positive relationshipsHR team meddles between employees and management to promote open communication and build positive relation.HRM is one of the most important function in any organization in modern world.